1962 (1) TMI 4 - SC - Income Tax

Summary

The Supreme Court dismissed a petition challenging the constitutionality of a proviso to section 10(2)(vib) of the Income-tax Act, ruling that the proviso does not violate Article 14 of the Constitution. The petitioner, a transport company, claimed a development rebate on all its plants and machinery, but the Income-tax Officer disallowed the claim on transport vehicles. The Court held that the Legislature can choose the object of taxation for giving development rebate, and the petition was dismissed with costs awarded to the respondent.